Tesla is gearing up to unveil its long-awaited Robotaxi on Thursday.
Despite the popularity and prominence of the electric vehicle (EV), Tesla (NASDAQ: TSLA) has been on rather shaky ground throughout 2024.
Tesla's robotaxi is set to have two front seats and butterfly-wing doors and CEO Elon Musk is expected to discuss deploying the Full Self-Driving assistance software on Semi big rig, Bloomberg News reported on Wednesday.
Tomorrow is Tesla's (TSLA) big day. The EV and Big Tech company is set to unveil its robotaxi, a possible catalyst to thrust the company into the autonomous driving business.
The future of Tesla's Robotaxi project may be bright, but for now, caution is the name of the game.
The upcoming Robotaxi event on October 10, 2024, may introduce new autonomous technologies and may unveil the next generation of the Tesla AI-enabled ecosystem. Tesla's Optimus robot and AI5 chip could revolutionize labor-intensive industries and enhance operational efficiency, offering long-term upside potential beyond the current price target. Despite potential headwinds in vehicle sales, Tesla's energy storage segment shows substantial growth, providing a compelling investment case amid rising demand for baseload capacity.
Sales of U.S. automaker Tesla's China-made electric vehicles rose 19.2% in September from a year earlier, data from the China Passenger Car Association (CPCA) showed on Wednesday.
Tesla also will soon report quarterly earnings — another big catalyst for the stock.
Tesla Inc. will shine the spotlight on its robotaxi technology and ideas on Thursday amid hopes that the event, scheduled to take place at a Hollywood movie studio, will boost the EV maker's beleaguered stock.
The leading electric automaker faces its toughest challenges yet.
Tesla is set to hold its eagerly anticipated Robotaxi event, unveiling its long-awaited autonomous taxi service. CEO Elon Musk has previously predicted this venture could elevate Tesla's valuation from $750 billion to $5 trillion.
Analysts expect these Magnificent Seven stocks to move in opposite directions.